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Mount Prospect 60056
519 N Main Street
$285,000
● House - Off Market

519 N Main Street

Mount Prospect, IL 60056
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,624 Ft²
$291,744
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Cape Cod with addition of family room (currently used as a bedroom) and eating area.  4 bedrooms with 2 bedrooms on 1st floor and 2 upstairs.  1 bathroom on each floor.  Full basement and a private yard.   Bring your decorating ideas, this home is being sold as is, is a short sale and is in need of many "deferred maintenance type repairs".
Unit Size
1,624 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$169
Property Type
House
Property Taxes
$587
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11642344)

Price History

Date / Event Date Event Price
Dec 14, 2022 Sold
Premium
Sold
Sep 28, 2022 Listed by Baird & Warner $275,000
Listed by Baird & Warner

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,600
  • Total Building Area: 1,626
  • Gross Building Area: 1,626
  • Building Area: 1,626
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,626
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK RDG SUB/WILLIAM ZELOSKYS
  • Land Acres: 0000000175
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802802

Geography

  • District: 38
  • Parcel: 03-34-202-003-0000
  • Lot: 34
  • Meridian: SEC 34 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0767
  • Longitude: -87.9365

    Address

  • Full Address: 519 N Main St
  • Address - House Number: 519
  • Street Direction: N
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C074
  • 4-Digit Zip Code: 2110
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $657,124
  • Tax Rate Code Area: 38020

    Appraisal Valuation

  • Standard Deviation: 0.2301
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 361,282
  • High Value: 444,441
  • Low Value: 278,123

    Market Valuation

  • Market Total Value: $280,000
  • Market Land Value: $76,000
  • Market Improvement Value: $204,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,000
  • Assessed Land Value: $7,600
  • Assessed Improvements Value: $20,400

    Sales

  • Current Sale Contract Date: Dec 14, 2022
  • Current Sale Recording Date: Jan 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10222
  • Previous Sale Recording Date: Jan 27, 2006
  • Previous Sale Contract Date: Jan 13, 2006
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Mount Prospect

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$265

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1762 ft²

Average Home Age

55.2 years

Currently For Sale

86 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1430 E Emmerson Lane, Mount Prospect, IL, 60056

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,584 ft²
1430 E Emmerson Lane, Mount Prospect, IL, 60056 Listing by Katarzyna Wasik

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Debbie Geavaras, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11642344
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 519 North Main Street built and last sold?
The property at 519 North Main Street was built in 1950 and last sold on Dec 14, 2022 for $285,000.
How much is this home worth?
The estimated value of the home located at 519 North Main Street is $286,753.
What are some comparable homes to 519 North Main Street?
There are currently no comparable homes to 519 North Main Street.
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